Par Pharmaceutical to Host First Quarter 2008 Earnings Conference Call on May 9 at 9:00 AM

WOODCLIFF LAKE, N.J., May 5 Par PharmaceuticalCompanies, Inc. (NYSE: PRX) announced today that it will host a conferencecall and live webcast on Friday, May 9, 2008 at 9:00 am ET to review resultsfor the first quarter ended March 29, 2008. The Company will also providefinancial guidance for full year 2008. The Company will release results afterthe market closes on Thursday, May 8, 2008. The earnings release will beavailable on the Par website at www.parpharm.com.

Access to the live webcast can be made via the Company's website atwww.parpharm.com. The dial-in numbers for the conference call will be888-713-4214 for domestic callers and 617-213-4866 for international callers.The passcode is 85327955. A replay of the conference call will be availablefor 2 weeks approximately one hour after the call. The dial-in numbers forthe replay are 888-286-8010 for domestic callers and 617-801-6888 forinternational callers. When prompted, the passcode is 16325023.

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